Miles Franklin Review

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Last Updated on: 4th May 2023, 04:17 pm

Miles Franklin
Miles Franklin - bySarah Bauder, April 1, 2011
3.5/ 5stars
on
Miles Franklin
Review Summary :

For over three decades, Miles Franklin has been a leading precious metals investment company. Founded in 1989, it is headquartered in Wayzata, Minnesota. The company offers gold, platinum, silver, and palladium products, many of which are eligible to be held in a Precious Metals IRA. Numismatic gold coins are also available for collectors. Secure storage of precious metals is provided by Brinks, and custodial services are provided by New Direction Trust Company. No product pricing is available on the Miles Franklin website. Instead, customers must call the company directly to receive that information.

Pros:

  • Stellar "A+" ratings from the BBB
  • Local Minnesota-based gold and silver retailer for 30+ years
  • Great rates and low fees

Cons:

  • Not-so-great "CC" rating from the BCA
  • Limited selection
Quick Facts about Miles Franklin
Year Founded:1989
Company Headquarters:Wayzata, Minnesota
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Palladium, and Platinum
Offers Other Assets?:No
Custodian:New Direction Trust Company
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Only North American options
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault:Brink’s Global Service
Reviewed By:Sarah Bauder
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Company Info and Background

Miles Franklin (www.milesfranklin.com) is a precious metals investment firm, and assists clients in establishing precious metals IRAs. It is located in Wayzata, Minnesota, and was founded in 1989.

The company’s inventory includes gold, silver, platinum, and palladium coins and bars. Depending on clientele preference, there are IRA-eligible products and numismatic gold options. For retirement savers, there is an excellent selection of IRA-approved bullion products.

Miles Franklin Management Team

Miles Franklin was founded in 1989, by father/son duo David and Andy Schectman. David is listed as the company’s CEO, and David is the president and owner.

Miles Franklin Custodian and Storage

Fully segregated vault storage of precious metals purchased through Miles Franklin is provided by Brinks. There are a number of locations to choose from including facilities in Los Angeles, New York, Salt Lake City, Miami, Vancouver, and Toronto. 

Miles Franklin has partnered with New Direction Trust Company for custodial services.

Miles Franklin Products

Miles Franklin offers an excellent selection of gold, silver, platinum, and palladium bullion products, for both retirement savers and collectors. Some examples of available products include the American Gold Eagle, American Gold Buffalo, Gold Canadian Maple Leaf, Silver Eagle, Australian Platinum Platypus, and the Palladium Canadian Maple Leaf.

View more Miles Franklin products here.

Miles Franklin Precious Metals IRA Info

CompanyMiles Franklin
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage VaultBrinks
Partnered CustodianNew Direction Trust Company
Metals AvailableGold, silver, platinum, and palladium
Years in Business32 years (1989)

Miles Franklin Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Miles Franklin from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: ⭐⭐⭐⭐, A+ (Details)
  • BBB Complaints: 0 complaints in last 3 years (Details)
  • BCA Rating: CC (Details)
  • BCA Complaints: 0 complaints (Details)
  • Yellow Pages: Profile (Details)
  • Trustpilot: Profile (Details)
  • RipOff Report: No Reports
  • Yelp: ⭐⭐⭐⭐ (Details)
  • Facebook: ⭐⭐⭐⭐⭐ (Details)

Miles Franklin Contact Information

  • Address: 801 Twelve Oaks Center Drive, Ste 834, Wayzata, MN 55391-4650
  • Phone: (800) 822-8080
  • Email: info@milesfranklin.com
  • Website: www.milesfranklin.com

Review All IRA Options Before Investing

It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.

Miles Franklin
Miles Franklin - bySarah Bauder, April 1, 2011
3.5/ 5stars
on
Miles Franklin
Review Summary :

For over three decades, Miles Franklin has been a leading precious metals investment company. Founded in 1989, it is headquartered in Wayzata, Minnesota. The company offers gold, platinum, silver, and palladium products, many of which are eligible to be held in a Precious Metals IRA. Numismatic gold coins are also available for collectors. Secure storage of precious metals is provided by Brinks, and custodial services are provided by New Direction Trust Company. No product pricing is available on the Miles Franklin website. Instead, customers must call the company directly to receive that information.

Have you purchased products from Miles Franklin? Leave a review!

Leave your rating

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Sarah Bauder
Sarah Bauder

Sarah Bauder has a decade of experience at numerous publications, writing about finance, politics, economy and more.

Articles: 114

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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